Technical Analysis Summary

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The recent decline of the euro is the result of several fundamental reasons. The elections in Italy and the formation of the Italian government (populists who do not support the idea of the united Europe) has caused many doubts about the prospects of not only the growth of the euro, but also the fate of the euro as it is (from the Italy we even heard statements ...

After looking at euro / dollar charts since 1972, I realized that the most recent euro high was a pullback (backtesting) to yearly trendline which it broke in the end of 2014. The old yearly trendline became a resistance now. This thing is called the change of polarity. And now we are just starting to drop back from it down again. Expect a further bearish euro ...

Euro Currency Index seems that it will lose some power against other currencies during next weeks.
April and May will be very important for EXY.
Technical Analysis details:
-I observed a divergence on weekly chart which can start a new bearish trend.
-Stoch gives some bearish signals for future.
-Wave Trend Analysis gives some signals that we are at the top of ...

Long bias for the Euro after an inverse head and shoulders formed in consolidation zone, rejection of 50 SMMA, and possible continuation of the bullish trend.
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